MAARTEN ROEGIERS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MAARTEN ROEGIERS
Largest movements
- Tangible fixed assets +€35,522
up €35,522 (+46.6%), from €76,255 to €111,777
of which Furniture and vehicles: +€35,522
- Receivables within one year -€17,340
down €17,340 (-20.6%), from €83,976 to €66,636
of which Other amounts receivable: -€28,788
- Reserves +€16,878
up €16,878 (+7.1%), from €237,346 to €254,224
of which Distributable reserves: +€16,878
- Gross operating margin +€21,590
up €21,590 (+26.8%), from €80,640 to €102,230
- Taxes +€5,988
up €5,988 (+28.8%), from €20,766 to €26,754
- Depreciation +€3,541
up €3,541 (+212%), from €1,668 to €5,209
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,523 | €292,805 | +€17,281 | +6.3% |
| Fixed assets | 21/28 | €76,255 | €111,777 | +€35,522 | +46.6% |
| Tangible fixed assets | 22/27 | €76,255 | €111,777 | +€35,522 | +46.6% |
| Land and buildings | 22 | €70,000 | €70,000 | = | 0.0% |
| Furniture and vehicles | 24 | €6,255 | €41,777 | +€35,522 | +568% |
| Current assets | 29/58 | €199,269 | €181,028 | -€18,241 | -9.2% |
| Amounts receivable within one year | 40/41 | €83,976 | €66,636 | -€17,340 | -20.6% |
| Trade receivables | 40 | €46,855 | €58,303 | +€11,447 | +24.4% |
| Other amounts receivable | 41 | €37,121 | €8,333 | -€28,788 | -77.6% |
| Cash at bank and in hand | 54/58 | €114,609 | €112,870 | -€1,739 | -1.5% |
| Deferred charges and accrued income | 490/1 | €684 | €1,522 | +€839 | +123% |
| Total equity and liabilities | 10/49 | €275,523 | €292,805 | +€17,281 | +6.3% |
| Equity | 10/15 | €249,746 | €266,624 | +€16,878 | +6.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €237,346 | €254,224 | +€16,878 | +7.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Other | 1319 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €235,491 | €252,369 | +€16,878 | +7.2% |
| Amounts payable | 17/49 | €25,778 | €26,181 | +€403 | +1.6% |
| Amounts payable within one year | 42/48 | €25,778 | €26,181 | +€403 | +1.6% |
| Trade debts | 44 | €646 | €1,718 | +€1,072 | +166% |
| Suppliers | 440/4 | €646 | €1,718 | +€1,072 | +166% |
| Taxes, remuneration and social security | 45 | €19,032 | €20,913 | +€1,881 | +9.9% |
| Taxes | 450/3 | €19,032 | €20,913 | +€1,881 | +9.9% |
| Other amounts payable | 47/48 | €6,100 | €3,550 | -€2,550 | -41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,668 | €5,209 | +€3,541 | +212% |
| Other operating charges | 640/8 | €1,186 | €1,160 | -€26 | -2.2% |
| Gross operating margin | 9900 | €80,640 | €102,230 | +€21,590 | +26.8% |
| Operating profit (loss) | 9901 | €77,786 | €95,861 | +€18,075 | +23.2% |
| Financial income | 75/76B | €684 | €1,322 | +€639 | +93.4% |
| Recurring financial income | 75 | €684 | €1,322 | +€639 | +93.4% |
| Financial charges | 65/66B | €82 | €65 | -€17 | -20.9% |
| Recurring financial charges | 65 | €82 | €65 | -€17 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €78,387 | €97,119 | +€18,731 | +23.9% |
| Income taxes | 67/77 | €20,766 | €26,754 | +€5,988 | +28.8% |
| Profit (loss) for the period | 9904 | €57,621 | €70,364 | +€12,743 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,621 | €70,364 | +€12,743 | +22.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.